- Ondo Finance launches on-chain stocks on Ethereum with over 100 U.S. equities and ETFs for non-U.S. investors.
- Ethereum trails Solana in weekly tokenized stocks volume, $5.7 million versus $24 million, yet retains deeper liquidity networks.
Ondo Finance has launched on-chain stocks on Ethereum, widening the tokenized-stocks race and drawing fresh attention to ETH. The firm unveiled Ondo Global Markets with access to more than 100 U.S. equities and ETFs for non-U.S. investors, delivered via blockchain. By year-end, Ondo targets coverage of over 1,000 equities, and it plans to extend the program to Solana, Ondo Chain, BNB Chain, and other networks.
For now, Ethereum will host the initial rollout. However, Solana currently leads on-chain stock activity by weekly volume. This week, Solana processed about $24 million, while Ethereum recorded roughly $5.7 million.
The gap reflects where traders have routed early tokenized equity flows since mid-2025. Even so, Ethereum retains the deepest developer base and broad access to liquidity across DeFi rails.
Average transaction fees on Ethereum rose after the Ondo announcement, which can slow end-user adoption. Nevertheless, Layer-2 networks can offset costs and settle to Ethereum for finality.
Moreover, competition is rising: Coinbase plans a comparable product on September 22, and Backed Finance’s xStocks is expanding to Ethereum. Together, these launches may lift volumes and narrow the gap with Solana.
Tom Lee asked Fundstrat’s Mark Newton for his technical take on Ethereum
Newton said "ETH could reach ~$5,500 in September and as high as $9,000 by early January." pic.twitter.com/GTb3uKfmP8
— Tom Lee Tracker (@TomLeeTracker) September 2, 2025
The market question is price. Analysts at Fundstrat argue that tokenized securities demand could help ETH retest the $5,000 resistance. Mark Newton projects $5,500 in September and as much as $9,000 by early 2026.
In the nearer term, traders cite magnetic zones near $4,500 and the $4,100–$4,200 range. A decisive move above $5,000 could trigger liquidations of roughly $3 billion in short positions.
ONDO Faces Pressure Near $0.98 Resistance While Tokenization Partnerships Grow
ONDO token, issued by Ondo Finance, is currently trading at $0.9188. Over the past 24 hours, the price has decreased by 5.9%.
Over the last 7 days, the decline totals 2.8%. The market capitalization stands at roughly $2.89 billion, based on a circulating supply of over 3.15 billion ONDO tokens. The fully diluted valuation, which considers the maximum token supply of 10 billion units, is near $9.17 billion.
The trading volume recorded in the last 24 hours is $169 million, down more than 30% compared to the previous session.
This drop indicates reduced market activity. ONDO is available on major centralized exchanges, including Binance, KuCoin, and Coinbase. Liquidity remains steady across these platforms, with spreads under 0.02%, suggesting tight execution conditions.
The current price range observed today was between $0.9167 and $0.9844, reflecting moderate price volatility. In comparison to its historical performance, ONDO is trading approximately 57% below its all-time high of $2.14, but still 1,019% above its lowest recorded price of $0.082.
In terms of developments, Ondo Finance has engaged in several collaborations during the past week. The company partnered with Bitget to launch tokenized versions of over 100 stocks and ETFs on Ethereum.
Additionally, 1inch Network has updated its swap API to include real-world assets (RWAs) backed by Ondo’s liquidity. This feature is now supported across multiple interfaces. A separate partnership with Block Street also focuses on tokenizing U.S. equities, expanding ONDO’s presence in the tokenized securities segment.
Technically, the chart shows a loss of upward momentum. Daily candles reflect selling pressure near the $0.98 level, which rejected bullish movement. Support appears around $0.91, where previous consolidation was observed.
The asset’s RSI hovers near neutral, and MACD histogram shows fading bullish divergence. Unless buying volume returns, price action may remain in a downward channel.
As of now, my projected short-term target for ONDO is $0.975 over the next 7 trading days. If trading volume continues to fall and buyer interest remains low, a drop to $0.88 is possible. This projection is based on current price action, liquidity, and recent market sentiment.
